SEBI Reg. Investment Advisor

Download App
Help Center Subscribe
Money Works 4 Me Logo MoneyWorks4Me
Talk to Advisor
Login Get Free Account
Sign Up

MoneyWorks4Me

Log In Sign Up Schedule Free 15‑min Call
Login Get Free Account
Sign Up
  1. Home
  2. Stock Market News
  3. US markets end higher on Friday with notable gains

US markets end higher on Friday with notable gains

14 Nov 2020 Evaluate

Offsetting the weakness seen in the previous session, the US markets ended higher on Friday with notable gains of over a percent each.The rebound on Wall Street partly reflects a positive reaction to earnings news from big-name companies like Cisco (CSCO) and Disney (DIS). Shares of Cisco have surged up by 6.6 percent after the networking giant reported fiscal first quarter results that beat expectations on both the top and bottom lines. Disney also posted a notable gain after the entertainment giant reported a much narrower than expected fiscal fourth quarter loss on revenues that exceeded analyst estimates. Shares of DraftKings (DKNG) have also moved sharply higher after the sports betting company reported better than expected third quarter results and raised its full-year revenue guidance. On the other hand, shares of Revlon (REV) have come under pressure after the cosmetics maker reported a third straight quarterly loss on a 20 percent drop in revenue.

Traders have largely shrugged off a report from the University of Michigan showing an unexpected decrease in US consumer sentiment in the month of November. The preliminary report said the consumer sentiment index fell to 77.0 in November after rising to a seven-month high of 81.8 in October. The pullback came as a surprise to market participants, who had expected index to inch up to 82.0. The Labor Department released a separate report showing producer prices increased by slightly more than anticipated in the month of October. The Labor Department said its producer price index for final demand rose by 0.3 percent in October after climbing by 0.4 percent in September. Street had expected prices to inch up by 0.2 percent. The bigger than expected increase in producer prices was partly due to a jump in food prices, which surged up by 2.4 percent in October amid a spike in prices for fresh and dry vegetable.

Dow Jones Industrial Average surged 399.64 points or 1.37 percent to 29,479.81, Nasdaq rose 119.7 points or 1.02 percent to 11,829.29 and S&P 500 was up by 48.14 points or 1.36 percent 3,585.15.

Register Now to get our Free Newsletter & much more!
2026 ©The Alchemists Ark Pvt. Ltd. All rights reserved. MoneyWorks4Me® is a registered trademark of The Alchemists Ark Pvt. Ltd.

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through: